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We are moving to new plant.

Year 2002 is another successful year for P & B Industries Ltd. With the completion of new plant in Shaoxing, Zhejiang, PRC, we have doubled our production capacity to meet on time delivery to our customers.

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We are launching new products.

A number of new products are launched for the 2003-2004 programme. Naturally to save out inventory space, we have also discontinued some old items. These items will be still shipped as far as stock may last.

Too large to serve you, too small to know you.

Thankful to our valued customers, P & B Industries Ltd. is growing fast. Yet customers' satisfaction remains our prime goal ever unchanged. Talk to us if you are not satisfied. Tell your friends if you are happy with us.

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 Philip K W Chan

Chairman / CEO

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ALL RIGHTS RESERVED 2003

P & B INDUSTRIES LTD.